Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Reaches New 1-Year Low – Here’s Why

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) shares reached a new 52-week low during trading on Thursday. The stock traded as low as $129.17 and last traded at $128.0230, with a volume of 232,735 shares trading hands. The stock had previously closed at $134.48.

Invesco S&P MidCap Momentum ETF Trading Up 2.7%

The stock’s 50 day moving average is $145.05 and its two-hundred day moving average is $153.55. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 22.06 and a beta of 1.11.

Institutional Trading of Invesco S&P MidCap Momentum ETF

A number of large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 98.9% during the 2nd quarter. NewEdge Advisors LLC now owns 155,686 shares of the company’s stock worth $26,489,000 after acquiring an additional 77,403 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Invesco S&P MidCap Momentum ETF by 22.0% in the second quarter. Envestnet Asset Management Inc. now owns 1,295,928 shares of the company’s stock valued at $220,489,000 after purchasing an additional 234,003 shares during the period. Sunrise Financial Services LLC lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 14.0% during the 3rd quarter. Sunrise Financial Services LLC now owns 54,651 shares of the company’s stock worth $8,020,000 after buying an additional 6,704 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Invesco S&P MidCap Momentum ETF during the 2nd quarter worth about $1,485,000. Finally, Kestra Advisory Services LLC grew its stake in Invesco S&P MidCap Momentum ETF by 29.2% in the 1st quarter. Kestra Advisory Services LLC now owns 50,955 shares of the company’s stock valued at $7,390,000 after buying an additional 11,531 shares during the last quarter.

Invesco S&P MidCap Momentum ETF Company Profile

The Invesco S&P MidCap Momentum ETF (XMMO) is an exchange-traded fund that is based on the S&P MidCap 400 Momentum (USD) index. The fund tracks an index of S&P 400 MidCap stocks selected by momentum and weighted by market cap and momentum. XMMO was launched on Mar 3, 2005 and is managed by Invesco.